Goldman shareholders get to offer a NONBINDING vote on exec's compensation?

woo-hoo...

Moving to quell the uproar over the return of big paydays on Wall Street, Goldman Sachs announced on Thursday that its top executives would forgo cash bonuses this year and that it would give shareholders a say in determining compensation.

With a resurgent Goldman set to award billions of dollars in bonuses — a trove that could rival the record payouts of the bubble years — the bank said that its 30 most-senior executives would be paid in the form of a special stock, rather than in cash. Goldman said that it would also let its shareholders vote on its executives’ pay, although the decision would be nonbinding.

hold me up and fan me quick... like this is going to "quell the uproar"...? those at the pinnacle of the pyramid, that tiny, elite, super-rich group of flabby-ass white guys who basically set the agenda for the entire planet are worried about "quelling an uproar"...? i think they ought to be worried for their sorry skins...

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